Tesla plans 7 pct staff cut, says road ahead very difficult
Electric car and solar panel maker Tesla says it plans to cut its staff by about 7 percent. In an email to employees released early Friday it said the “road ahead is very difficult.”
The memo posted on the company’s website said Tesla Inc. hopes to post a “tiny profit” in the current quarter. It said Tesla increased its staff by 30 percent last year but cannot support that size of staff.